2011 mfw

Barny1979

£250.00 OP made today

originalmiscellany

barny updated you. Is that a total of 750 for December?

I have to admit Spiggle is a great asset to keeping this thread smooth and running!

Spiggle

Thanks OM, I'm suitably blushing! :blushing::rotfl:

All the best,
Spigs

Barny1979

originalmiscellany wrote: »

barny updated you. Is that a total of 750 for December?

I have to admit Spiggle is a great asset to keeping this thread smooth and running!

Yeah, £750.00 so far for December

Spiggle

Thanks Barny,

Take care,
Spigs

Spiggle

I've added in amounts listed on 2011 updates.

All the best,
Spigs

sheslookinhot

Last payment of this year and another overpayment of £500.

My target for 2011, balance down to £6,000, has been well beaten with only £5,102 outstanding. That's one part of mortgage finished.

I don't plan any overpayments for a few months while I focus on clearing a 0% CC before the 0% expires.

However, I aim to be mortgage free, this time for good, by end of 2012.


I would like to encourage everyone to keep at it, you know it makes sense. :T

madeupname1

sheslookinhot wrote: »

Last payment of this year and another overpayment of £500.

My target for 2011, balance down to £6,000, has been well beaten with only £5,102 outstanding. That's one part of mortgage finished.

I don't plan any overpayments for a few months while I focus on clearing a 0% CC before the 0% expires.

However, I aim to be mortgage free, this time for good, by end of 2012.


I would like to encourage everyone to keep at it, you know it makes sense. :T

Well done sheslookinghot! Even without any more overpayments for the next few months, you are still in an awesome position mortgage wise if only £5,102 is outstanding. Could you possibly become mortgage free next year?

Anyway, I updated you on the chart. The target in that chart was listed as £6,000 for simplicity sake (it doesn't quite work if you don't state the amount you wish to OP rather than the amount you want your mortgage to be reduced to). I have reduced the target to £5500 to show that you have beaten it :T

SmileyG_2

Update for December
MFW #48 reporting in...

Latest overpayment of 2011 was made on the 14th December 2011
Overpayment target: £1200
December overpayment : £10
Overpayments to date: £1220 (Target exceeded):beer:

My overall mortgage status is now:

Mortgage at 17/09/2011
Outstanding balance: £46,744
Estimated endowment value: £27,401 (revalued 14 December)
Investments: £15,848
Deficit: -£3,495

For my information on the damage I'm doing to the mortgage, here's the link to my diary...

http://forums.moneysavingexpert.com/...1854517&page=4

My overpayments since Jan 09 will also save me an estimated £1,300 before my original target MF date of September 2014.

My overpayment reserve is £7,970, now well over 51 months regular mortgage payments.

This is my last overpayment of 2011. There is a lot of uncertatinty in the world so the best laid plans could need revising. It has to be said that overpaying the mortgage was one plan that has been a 100% success, so thanks to Cake and the recent recruits for keeping the thread going to the end!

I wish everyone well and hope that many of you find the MFW 2012 thread useful. I will not be joining for 2012, mostly because I have a strategy that could involve paying off anywhere between £0 and £46,000. It depends on interest rates and investment returns (see my diary for details).

:xmassmileIn the meantime have a great Xmas and a prosperous 2012!:xmassmile


SmileyG

Spiggle

Thanks for the update SmileyG,

Brilliant achievement!:T

You're updated on the list and have achieved 101.67% of target, excellent. :money:

See you all tomorrow now.

Updated to here.

All the best,
Spigs